EDITORIAL /
Our View: Greece is expanding its impact
CEO, Enterprise Greece
Greece’s external position has improved dramatically. Strong exports of goods and services, a disciplined fiscal policy and continuing foreign investment in the country’s prospects have combined to produce a significant, 17% decline in Greece’s current account deficit.
In 2025, the deficit fell by €2.8 billion year-on-year to €14.1 billion, equal to about 5.7% of GDP – roughly half of what it was three years ago. Much of that is thanks to a record-setting year for Greek tourism that welcomed record numbers of visitors and, importantly, a rising trend in tourist spending.
But as the Bank of Greece notes, the current account saw improvements in every category of transactions, not just services. And in a recent assessment by Morningstar DBRS, Greece’s external position is more resilient because the current account deficit is now being financed by investment rather than debt like it was in the past.
To build on the momentum, Greece is working to expand its engagement in the world economy. Over the last several years, the government has developed annual strategies to promote the outward orientation of the Greek economy through hundreds of initiatives and actions to promote exports and attract foreign investment.